Sovran Advisors LLC Decreases Stock Position in Capital Group Dividend Value ETF $CGDV

Sovran Advisors LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 341,726 shares of the company’s stock after selling 25,031 shares during the period. Capital Group Dividend Value ETF makes up about 1.3% of Sovran Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Sovran Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $15,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its position in shares of Capital Group Dividend Value ETF by 91.4% during the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after buying an additional 23,845 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $1,982,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the third quarter worth approximately $5,649,000. Fermata Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 9.7% in the third quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock worth $9,002,000 after buying an additional 19,012 shares during the period. Finally, Genesis Private Wealth LLC lifted its stake in shares of Capital Group Dividend Value ETF by 130.9% during the 3rd quarter. Genesis Private Wealth LLC now owns 24,798 shares of the company’s stock worth $1,042,000 after acquiring an additional 14,058 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $42.69 on Friday. The business has a fifty day moving average of $44.39 and a 200 day moving average of $43.55. The stock has a market cap of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $46.01.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.